Home | Goldstreet Business
Wednesday, January 20, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

State Ownership Policy crucial to addressing regulatory gaps – World Bank

October 1, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

The World Bank’s Country Director, Henry Kerali has recommended the need for a well-defined ownership policy to be establish to fill in critical regulatory gaps, by providing sound foundation for good corporate governance.

This will make the broad policy directions of the State-Owned Enterprises (SOEs) clear.

RELATED POSTS

Provide more infrastructure to support gas production – Prof Gatsi to Govt

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

Speaking at the 2018 SOE policy and governance forum held in Accra on Wednesday, Kerali said, “such a policy should be able to define SOE objectives, including the separation of commercial and non-commercial policy objectives, and financing of the cost directly from budget in a timely and transparent manner.”

He suggested the delineation of roles and responsibilities of the state as shareholder vis-à-vis the board of directors and management, as well as establishment of rigorous reporting and accountability standards.

This policy is expected to further establish rules and responsibilities on core ownership matters such as board nominations, performance monitoring, transparency and accountability, above and beyond what is required in the companies’ code.

In reforming the SOE sector, Kerali said SOE boards needs to be professionalised, to ensure that board members and executives have the requisite expertise, management experience and technical skills.

The SOE sector faces a number of corporate governance problems that affect their performance and ability to compete. These include low levels of transparency and disclosure, as well as, the lack of strong coordinating entity to exercise state ownership rights.

Overseeing Entity

Early this year, the Senior Minister, Yaw Osafo-Maafo announced that by the end of this year, government will establish a single entity to oversee the activities of the SOEs. The State Interest and Governance Authority (SIGA) Bill is on course, as this new entity is expected to be fully operational latest by the second quarter of 2019.

The entity is expected to absorb all functions currently exercised by the Ministry of Finance, the State Enterprises Commission and other government institutions as far as SOE’s are concerned.

Currently, multiple institutions including the Ministry of Finance, the State Enterprises Commission (SEC), and sector ministries perform oversight functions in the SOE sector.

By Joshua W. Amlanu

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

Provide more infrastructure to support gas production –	Prof Gatsi to Govt

Provide more infrastructure to support gas production – Prof Gatsi to Govt

January 19, 2021
Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

January 19, 2021
COVIDNOMICS: Ghana’s Ports &the future of African Continental Free Trade

UNIPASS notify exporters, port stakeholders on exporter application for AfCFTA

January 19, 2021
Decision To Reopen Basic Schools Long Overdue – GNAT

Decision To Reopen Basic Schools Long Overdue – GNAT

January 19, 2021
Ghana’s economic rebound – the thorny path that lies ahead

LIVESTREAM: President Akufo-Addo addresses the 72nd Annual New Year School

January 19, 2021
Next Post

Consumer confidence drops fourth consecutive time in August 2018

Africa mismanaged its development ways

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Provide more infrastructure to support gas production –	Prof Gatsi to Govt

Provide more infrastructure to support gas production – Prof Gatsi to Govt

January 19, 2021
Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

Cedi to hit GH¢6.45 against dollar by end of 2021 – Report

January 19, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.